Question

the xyz company is a profit-maximizing firm with a monopoly in the production of pennants. the firm sells its pennants for $10 each and economic profit is positive. we can conclude that the xyz company is producing a level of output at which:

Answer 1

Marginal cost equals marginal revenue. The additional money that results from raising the quantity is known as the marginal revenue.

Therefore, profit is maximised when marginal cost equals marginal revenue, which is the same as saying when marginal profit equals zero. This additional revenue is also referred to as being "at the margin. In general, marginal revenue tends to decline as production rises for any given level of customer demand. There is no economic gain in equilibrium since marginal revenue and costs

Marginal cost

The additional expense brought on by increasing the quantity is known as the marginal cost. The additional expense at the margin.

Marginal revenue

The additional money that results from raising the quantity is known as the marginal revenue. The additional revenue at the margin.

The XYZ Company is a profit-maximizing firm with a monopoly in the production of pennants. The firm sells its pennants for $10 each. We can conclude that the XYZ Company is producing a level of output at which:

Select one:  a. average total cost equals $10.    b. average total cost is greater than $10.    c. marginal revenue equals $10.    d. marginal cost equals marginal revenue.

Learn more about marginal cost and marginal revenue here:

brainly.com/question/10929905

#SPJ4